Piccadily Agro Industries Limited, a company operating in the agro-industrial sector, has announced a crucial board meeting scheduled for September 24, 2025. The primary focus of this meeting will be the consideration of converting 6,36,943 convertible warrants into an equal number of equity shares.

Key Points of the Upcoming Board Meeting

• Date: September 24, 2025
• Main Agenda: Approval of the conversion of 6,36,943 convertible warrants into equity shares
• Additional Discussions: Other business matters as decided by the Board of Directors

Implications of Warrant Conversion

The potential conversion of warrants into equity shares is a significant move that could impact the company's capital structure. If approved, this conversion would result in:

1. An increase in the number of outstanding equity shares
2. Potential dilution of existing shareholders' stakes
3. Infusion of additional capital into the company, depending on the terms of the warrants

Regulatory Compliance

In line with regulatory requirements, Piccadily Agro Industries has duly informed both the BSE Limited and the National Stock Exchange of India Limited about this scheduled meeting. This disclosure aligns with Regulation 29(1)(d) of the Securities & Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations 2015, which mandates prior intimation of board meetings discussing such matters.

Company Background

Piccadily Agro Industries Limited is registered in Haryana, India, with its corporate office located in Gurugram. The company's shares are listed on both the BSE and NSE.

Piccadily Agro Industries Limited has successfully completed its ₹211.99 crore fundraising through the conversion of 28.49 lakh Compulsorily Convertible Debentures (CCDs) into equity shares, with the newly issued shares now officially listed and trading on both NSE and BSE from December 26, 2025.

CCD Conversion Details

The conversion process involved transforming CCDs into equity shares at a predetermined price, marking a significant milestone in the company's capital structure enhancement.

Official Listing and Trading Approval

Following regulatory compliance, both NSE and BSE granted trading approval on December 24, 2025, with the shares commencing trading from December 26, 2025. The listing was executed under preferential basis pursuant to the conversion of compulsory convertible debentures.

Impact on Share Capital Structure

The conversion has substantially increased the company's equity base and paid-up capital:

Major Allottees and Investor Participation

Authum Investment and Infrastructure Limited emerged as the largest participant, receiving 4,03,225 shares worth approximately ₹30 crore. Other significant allottees included Discovery Global Opportunity (Mauritius) Ltd with 3,49,462 shares, Alchemy Emerging Leaders of Tomorrow with 2,35,215 shares, and individual investors Lashit Sanghvi and Neha L Sanghvi, each receiving 2,15,053 shares.

Regulatory Compliance and Share Rights

The entire process was conducted in accordance with SEBI regulations and the Postal Ballot dated July 30, 2024. The newly allotted equity shares carry full voting and dividend rights, ranking pari-passu with existing equity shares in all respects.

Strategic Implications

This successful conversion and subsequent listing demonstrates strong investor confidence in Piccadily Agro's business prospects. The ₹211.99 crore capital infusion strengthens the company's financial position and provides resources for operational expansion and growth initiatives in the agro-industry sector.